Which of the Following Statements About Comparative Advantage Is Not

question 129

Multiple Choice

Which of the following statements about comparative advantage is not true?

• A)Comparative advantage is determined by which person or group of persons can produce a given quantity of a good using the fewest resources.
• B)The principle of comparative advantage applies to countries as well as to individuals.
• C)Economists use the principle of comparative advantage to emphasize the potential benefits of free trade.
• D)A country may have a comparative advantage in producing a good, even though it lacks an absolute advantage in producing that good.

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Definitions:

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness cycles.

Hormone

A chemical substance produced in the body that serves as a messenger, regulating and coordinating various physiological activities.

Consciousness

The quality or state of being aware of an external object or something within oneself.

Personal Awareness

The conscious understanding and recognition of one’s own personality, feelings, motives, and desires.